Can you really make money selling new release CD’s and DVD’s on eBay
Being an active eBayer, I am often being asked about products to sell. A common question is “Where can I purchase products such as new release CD’s DVD’s and Video Games for Playstation and Xbox at a 75% to 100% discount. Well folks, this sort of discount on this type of merchandise. It is not available from Wholesalers or Dropshippers. The reason is, being the competitive nature of the electronics industry, and simple supply and demand.
There are two types of buyers on eBay: those that sell stuff as they would in a garage sale and those that constantly buy and sell merchandise for profit. If you’re from the first category you don’t have to worry too much about what products to sell: you only have one or a couple of stuff any way.
If you are selling products for profit, however, there are some strategies that can help you generate increasing profits. There are also two categories of expert eBay sellers: the ones who buy large quantities of products and resell them and the ones who deal with original, hard to find, niche products. Let’s have a look at the first category:
Usually, when you buy large amounts of identical or similar items, you get a discount. This is true with most goods and it stands at the basis of numerous eBay business strategies. You can then take the products and list them for a higher price than what you paid, but also lower than the prices available in stores. Finding the right balance is essential, as you want to generate enough profit without listing a discouraging high price. You choice of products to sell is very wide here, and specializing on a certain type of merchandise is usually dependent on your personal choices.
The second group of eBay sellers deals with rare items or niece merchandise. Some examples of products that can be sold are china vases, antique books, action figures, model airplanes, archeological discoveries, meteors etc. The market for these products is smaller and more exclusive, but the prices are also higher and just one sale can bring you a small fortune. Niche markets are hard to enter, compared to selling cameras, DVD players or balloons. In order to start your business selling rare items you need to become an expert in the field, if you want to reach success.
Still with the incredible popularity of these products and their ease to package and ship, people want to sell them. So where can you find these products at a great price? Liquidators! Yes that’s right, Liquidators! What exactly are Liquidators? You Ask. Well, a Liquidator is a company who buys surplus, over runs, bankruptcies, and going out of business inventory etc. They purchase this merchandise for pennies on the dollar and in turn pass this saving on to you. There are many Liquidators who would have just what you are looking for. There are General Merchandise Liquidators who basically purchase and sell all sorts of general merchandise. And, there are Liquidators who specialize and only purchase and sell merchandise in a specific niche, say electronics.
An Electronics Liquidator would purchase products from music stores or department stores with an electronics dept or movie rental stores or electronic stores that are going out of business, declaring bankruptcy or who have overstock. From that inventory they would have some of the latest CD’s, DVD’s and Video Games.
Liquidators are similar to Wholesalers and Dropshippers in that you will have to become a member to have access to their inventory. Most require no fee to become a member, while others may charge a nominal fee. However, Liquidators have a set number of units you must buy in order to get a great price. A Liquidator will purchase inventory in bulk and therefore will want to sell the merchandise in cases or lots.
So, Yes You can make Good Money Selling New Release CD’s, DVD’s and, Video Games and the likes on your eBay auction by choosing the proper supplier. And remember that selling on eBay is all about research. You must research the product you are interested in selling. What is the best price for the item? What is the best selling price you can get for that item? Also, research that item’s market to see just how many people are selling this product.